Investors & landlords

Agreed ... using a local professional would be wise ... you have to fill in and file  a 8594 form  that both parties agree on and shut down the business if needed ... these things can be compicated if you don't know  what you need to do.

 

https://www.irs.gov/newsroom/what-if-i-close-my-own-business

 

https://www.irs.gov/pub/irs-pdf/f8594.pdf